The domestic demand forecast was cautiously optimistic, according to market sources, led by stronger increased spending for the infrastructure market.

After the reorganization, Sinosteel will no longer be under the direct regulation of the SASAC.

By September this year, the number of iron and steel enterprises in the northern Chinese province had been slashed to 39 from 123 about 10 years ago.

Fluorspar is the commercial name for the naturally occurring mineral fluorite, composed of calcium and fluorine (CaF2).

In November 2022, the production of the Mining and Hydrocarbons sector increased 5.06% compared to the same month of the previous year.

Prices of key metals are likely to fall in 2023 but are still above 10-year averages, according to Fitch Ratings.

Sinosteel Group Corp Ltd, or Sinosteel, has been integrated into Shanghai-headquartered China Baowu Steel Group.

The restructuring of Sinosteel Group Corp Ltd, or Sinosteel, will further improve the structure of China's steel industry and bring stability to the commodity's prices in the years ahead, market observers said on Wednesday.